The Restaurant Group plc (LON:RTN) Given Average Recommendation of “Buy” by Brokerages

Shares of The Restaurant Group plc (LON:RTNGet Rating) have been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 116 ($1.46).

A number of research analysts have recently weighed in on RTN shares. Berenberg Bank cut their price target on The Restaurant Group from GBX 125 ($1.57) to GBX 110 ($1.38) and set a “buy” rating on the stock in a research note on Thursday, March 24th. Barclays cut The Restaurant Group to an “underweight” rating and cut their target price for the stock from GBX 75 ($0.94) to GBX 70 ($0.88) in a report on Friday, March 25th. Liberum Capital reiterated a “buy” rating and set a GBX 160 ($2.01) price objective on shares of The Restaurant Group in a report on Monday, January 24th. Peel Hunt reissued a “buy” rating and set a GBX 90 ($1.13) price target on shares of The Restaurant Group in a research report on Tuesday. Finally, Shore Capital reissued a “buy” rating on shares of The Restaurant Group in a research report on Tuesday.

Shares of The Restaurant Group stock traded down GBX 1.35 ($0.02) during trading on Tuesday, hitting GBX 53 ($0.67). 2,220,800 shares of the stock traded hands, compared to its average volume of 2,373,421. The company has a fifty day moving average price of GBX 63.06 and a two-hundred day moving average price of GBX 80.63. The company has a debt-to-equity ratio of 165.68, a quick ratio of 0.77 and a current ratio of 0.83. The Restaurant Group has a twelve month low of GBX 0.97 ($0.01) and a twelve month high of GBX 140 ($1.76). The stock has a market cap of £405.48 million and a P/E ratio of -10.08.

In other news, insider Ken Hanna acquired 100,000 shares of The Restaurant Group stock in a transaction that occurred on Wednesday, March 16th. The stock was bought at an average price of GBX 77 ($0.97) per share, with a total value of £77,000 ($96,891.91).

The Restaurant Group Company Profile (Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

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Analyst Recommendations for The Restaurant Group (LON:RTN)

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